Liu Shaoxi, the “godfather of Chaoshan capital”, has stepped down from the altar and has been banned from the market for life, but the story of Yihua department is still being written. On February 18, Yihua Healthcare Co.Ltd(000150) (000150) announced that the company’s controlling shareholder Yihua enterprise (Group) Co., Ltd. (hereinafter referred to as “Yihua group”) was filed for investigation by the CSRC due to suspected illegal information disclosure. In fact, Yihua Healthcare Co.Ltd(000150) has long been dragged down by the controlling shareholders. Due to the illegal provision of guarantee for Yihua group, Yihua Healthcare Co.Ltd(000150) once faced the risk of being St. It is worth mentioning that Yihua Healthcare Co.Ltd(000150) tried to save itself by changing owners last year, but it finally failed. At present, Yihua Healthcare Co.Ltd(000150) is in a deep quagmire, with performance losses, heavy debts and litigation.
Yihua group was filed by the CSRC
Yihua Healthcare Co.Ltd(000150) is bad again.
On February 18, Yihua Healthcare Co.Ltd(000150) announced that Yihua group, the controlling shareholder of the company, had received the notice of filing a case from the CSRC. Due to suspected illegal information disclosure, the CSRC decided to file a case for investigation in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations.
Yihua Healthcare Co.Ltd(000150) said that this investigation was filed against the controlling shareholders of the company involved in the above matters and will not affect the normal business activities of the company.
It is worth mentioning that recently Yihua Healthcare Co.Ltd(000150) share price rose slightly. According to the trading market, the cumulative increase in the Yihua Healthcare Co.Ltd(000150) range was 13.03% from February 7 to 18. On February 18, Yihua Healthcare Co.Ltd(000150) closed up 2.36%, closing at 3.47 yuan / share, with a total market value of 3.046 billion yuan.
After the disclosure of the news that the controlling shareholder was filed, the stock bar of Yihua Healthcare Co.Ltd(000150) aroused heated discussion among investors. Among them, some investors said that “eating big noodles is still behind”, “falling limit on Monday”, “it’s over”, “no wonder the main force has pulled up shipments in these two days”, etc. For company related issues, the reporter of Beijing Business Daily called Yihua Healthcare Co.Ltd(000150) Secretary Office for an interview, but no one answered the phone.
Xu Xiaoheng, an investment and financing expert, said in an interview with the Beijing Business Daily that the investigation of the controlling shareholder is bad for the listed company and may hit the investment enthusiasm of investors to a certain extent.
In fact, Yihua Healthcare Co.Ltd(000150) has long been dragged down by controlling shareholders. On January 8, Yihua Healthcare Co.Ltd(000150) announced that the company had illegal guarantees, and the shares may be subject to other risk warnings.
Specifically, Yihua Healthcare Co.Ltd(000150) issued a letter of guarantee to Du, the creditor of Yihua group, in March 2019, providing joint and several liability guarantee for the loan of 150 million yuan from Du by Yihua group. Later, due to the failure of Yihua group to repay the principal and interest on schedule, the creditor Du filed a lawsuit on the grounds of private loan dispute, and the court decided Yihua Healthcare Co.Ltd(000150) to bear joint and several liability for compensation for half of the unpaid part of Yihua group. At that time Yihua Healthcare Co.Ltd(000150) said that if the controlling shareholder cannot solve the problem of illegal guarantee within one month from the date of announcement disclosure, the company may be subject to other risk warnings according to articles 13.3 and 13.4 of the stock listing rules of Shenzhen Stock Exchange.
The above matters have been resolved. On January 26, Yihua Healthcare Co.Ltd(000150) announced that after the company reached an agreement with Yihua group and Du, Du had issued a letter of commitment to the company, irrevocably promised that the company would not bear any liability for repayment of all money payment obligations determined by the civil judgment, including the burden of litigation costs, and Du waived all rights to claim repayment from the company according to the above judgment.
fixed increase and trade owner failed
Before the actual controller Liu Shaoxi was put on file for investigation, Yihua Healthcare Co.Ltd(000150) has started self rescue and plans to change the owner of Beijing xinmileages Health Industry Group Co., Ltd. (hereinafter referred to as “xinmileages health”) through fixed increase. However, after planning for more than half a year, the above matters ended in failure, and Yihua Group continued to serve as the controlling shareholder of the company.
At that time, Yihua Healthcare Co.Ltd(000150) announced that it was planned to raise no more than 664 million yuan, and it was planned to be fully subscribed by xinmileage health. Meanwhile, according to the voting right entrustment agreement signed between xinmileage health and Yihua group, Yihua group irrevocably entrusts all the voting rights, nomination and proposal rights, participation rights and other rights other than income rights, share transfer rights and other property rights of Yihua Healthcare Co.Ltd(000150) 87769800 shares held by it (accounting for 10% of the total share capital of Yihua Healthcare Co.Ltd(000150) to xinmileage health. If the calculation is made according to the upper limit of the non-public offering of shares, after the completion of the offering, xinliya health will control Yihua Healthcare Co.Ltd(000150) 33.85% of the voting rights in total and become the controlling shareholder of the company.
After planning for more than half a year, the matter finally turned yellow. In August last year, Yihua Healthcare Co.Ltd(000150) announced that considering the changes of regulatory policies and capital market environment, combined with the actual situation of the company, the synergy between the market value performance of the company and the timing of equity financing and other factors, the company decided to terminate the non-public offering of A-Shares after careful analysis after reaching a healthy and friendly consensus with the non-public offering object xinmileage.
The Yihua Healthcare Co.Ltd(000150) that lost its vision of changing owners is facing great business difficulties.
First of all, Yihua Healthcare Co.Ltd(000150) performance has suffered losses for two consecutive years in 2019 and 2020. In 2021, the company’s attributable net profit is expected to continue to suffer losses. Financial data show that from 2019 to 2020, Yihua Healthcare Co.Ltd(000150) achieved operating revenue of about 1.792 billion yuan and 1.562 billion yuan respectively; The corresponding attributable net profit is about – 1.572 billion yuan and – 625 million yuan respectively. In 2021, Yihua Healthcare Co.Ltd(000150) is expected to realize attributable net profit of – 540 million yuan to – 360 million yuan.
At the same time, Yihua Healthcare Co.Ltd(000150) has the risk of “wearing stars and hats”. Yihua Healthcare Co.Ltd(000150) the performance forecast for 2021 shows that the company’s estimated net assets are – 175 million yuan to 0 yuan. According to article 9.3.1 of the stock listing rules of Shenzhen Stock Exchange, the listed company has the situation that “the audited ending net assets of the latest fiscal year are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative”, Its stock trading will be subject to delisting risk warning. In addition, Yihua Healthcare Co.Ltd(000150) has been involved in a number of lawsuits. Since 2022 alone, Yihua Healthcare Co.Ltd(000150) has disclosed litigation related announcements twice.
Wang Jun, an investment banker, said that for Yihua Healthcare Co.Ltd(000150) , if the main event of fixed increase and trade can be carried out smoothly, it will help to reduce the company’s asset liability ratio and improve the company’s fundamentals to a certain extent. Unfortunately, the event failed. At present, Yihua Healthcare Co.Ltd(000150) the top priority is to find new ways to improve the company’s operation.
